Tech-trac

Hold Off on New Gold Positions

The thing about H&S patterns is their drive for SYMETRY! In terms of TIME, the H&S BOTTOM is ALREADY in place & also the NECKLINE,altho downsloping, has been penetrated. The best case for bulls is for AU to find support @ the neckline. On a congestion only basis, AU hasn't had enough price activity below $925 to punch through resistance without a pullback...

Buy on weakness($875) seems in order..

The Shedlock-Schiff Affair: A Chronicle

I sympathize with Schiff! You can call the mkt turns accurately & STILL LOSE $$$$!

I moved to 40% cash in early #2008 & left 60% in GG & CFK. What was the result? Failing to use stops & committed to my plan, I TOO LOST $$$$'s!

GG $52-14 CFK $10-2...with the latter reporting a TRIPLE in its 4th qtr earnings...